The university is a racket - Soapy's Blog, libcom.org

Discussing conflicts of interest on my school's Board of Trustees and some forms that all non-profit institutions are required to keep on their premises and that you can request! About two months ago, a professor at my university gave a talk sponsored by the student union entitled, “The University as a Racket.” The talk dealt with major conflicts of interest going on inside the upper echelons of university decision-making. At our school, the Board of Trustees (BOT) makes all major decisions. The BOT is primarily made up of financial executives. Most notably high-ranking executives from Goldman Sachs, Chase Bank, and Bank of America. The BOT contains one student member, handpicked by the university, who is not allowed to disclose the details of BOT meetings. So, essentially our school is run by financial executives. The same ones who caused the 2008 financial crisis and then used taxpayer money to give themselves bonuses. Now, when the BOT decides to increase the tuition who profits? Well, when the tuition is increased students take out loans, and the financial institutions that the BOT members belong to make a killing off of speculation on these loans. What an amazing conflict of interest! http://libcom.org/blog/university-racket-29122012